Charity registration number 108156 (Northern Iland) NAISCOIL NA SEOLTA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NAISCOIL NA SEOLTA CONTENTS Page Trustees, report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 6-13
NAISCOIL NA SEOLTA LEGAL AND ADMINISTRATIVE INFORMATION Trustees J Waterworth A Burns l Mcmillan G Monroe G Lynn E M O'Neil A Mac Séafraidh N Uprichard C Mitchell L Ervine P Lynas A D Harrison RevA R Irvine D Hamilton H Robinson A Mccammon H Floyd Charity registration Northern Ireland 108156 Independent examiner Miscampbell & Co 6 Annadale Avenue Belfast BT7 3JH
NAISCOIL NA SEOLTA TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the Charities SORP (FRS 102}- Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Ad (Northern Ireland) 2008. Objectlves and activities Public benefit The Trustees have paid due regard to guidance issued by the Charity Commission for Northern Ireland in deciding what activities they should undertake. The year to 31 March 2025 was a significant year for Naiscoil na Seolta, as we enjoyed an increase in the number of children attending and moved to our new purpose built a¢¢ommodation at Montgomery Road in East Belfast. Achievements and performance Signrficant activities and achievements against objectives We began this reporting pertod WFth 14 children in attendance and ended the period with 22 childr. Of these 22 children, 7 were 'pre-s¢hool' and 15 were 'Pre Pre, (two years before school). The increase in numbers was in part due to the Nalscoil's growing reputation for excellence, in part due to an ongoing rise in interest in the Irish language in East Belfast and in part due to the superb new facility we moved to in January 2025 In January 2025 we moved into a purpose-built building, designed to accommodate Naiscoil na Seolta and Scoil na Seolta, a new Integrated Irish-medium Bunscoil (primary school). In co-locating and partnering with Scoil na Seolta, this will provide parents with an option for a pr&school provision leading seamlessly into a primary school provision all in the one location. We believe this will make Naiscoil na Seolta an even more attractive option for families and help drive a further increase in numbers of children attending in future reporting periods. In the 202512026 reporting period, our Management Committee will be considering with the help of professional advice the option to amalgamate with Scoil na Seolta into one legal entity, in the form of a primary school with a nursery unit. The su¢¢ess we enjoyed in this reporting period was the result of passion, dedication and sheer hard work by our wonderfully talented staff and Committee members. As Chairman, I would like to take this opportunity to record my sincere thanks to each one of them. Financial review Reserves policy It is the policy of the Committee that unrestri¢ted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Naiscoil's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Draft Financial Statements at 26 January 2026 at 13:59:41 NAISCOIL NA SEOLTA TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management The Trustees who served during the year and up to the date of signature of the financial statements were.. J Watemorth A Burns l Mcmillan G Monroe G Lynn E M O'Neil N McDowell A Mac Séafraidh N Uprichard C Mitchell L Etvine P Lynas A D Harrison Rev A R Irvine D Hamilton H Robinson A Mccammon H Floyd (Resigned 2 October 2025) The Tr tees. report was approved by the Board of Trustees. P Lynas Trust RevA R INine Trustee 26 January 2026
NAISCOIL NA SEOLTA INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NAISCOIL NA SEOLTA I report to the Trustees on my examination of the financial statements of Naiscoil na Seolta for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to.. examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland under section 65(9){b) of the Charities Act. The examination included a review of the accounting COrdS kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees conceming any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe.. 1. that accounting records were not kept in accordance with section 63 of the Charities Act 2. that the a¢¢ounts do not accord with those accounting records 3. that the accounts do not comply with the accounting requirements of the Charities Act 4. that there is further information needed for a proper understanding of the accounts to be reached. Indep8ndent examlner's statement I have completed my examination and have no ¢oncems in respect of the matters {1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Jonathan R Bethel Mlscampb811 & Co 6 Annadale Avenue Belfast BT7 3JH Dated.. 26 January 2026
NAISCOIL NA SEOLTA STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restrlcted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies 2,179 57,583 59,762 17,060 250,970 268,030 Total income 2,179 57,583 59,762 17,060 250.970 268,030 Expenditure on: Charitable activities 14,503 61,281 75,784 6,291 55,019 61,310 Total expenditure 14,503 61,281 75,784 6,291 55,019 61,310 Net incomel(expenditure) and movement in funds (12,324) (3,698) (16,022) 10,769 195,951 206,720 Reconciliation of funds: Fund balances at 1 April 2024 46,830 235.841 282,671 36,061 39,890 75,951 Fund balances at 31 March 2025 34,506 232,143 266,649 46,830 235,841 282,671 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from Continuing activities.
NAISCOIL NA SEOLTA BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 10 4,297 373 Current assets Debtors Cash at bank and in hand 30,292 237,076 287,597 267,368 287,597 Creditors: amounts falling due within one year 12 (5,016) (5,299) Net current assets 262,352 282,298 Total assèts less current liabilitles 266.649 282,671 The funds of the Restricted income funds Unreslricted funds 13 14 232,143 34,506 235,841 46,830 266.649 282.671 The financial statements were approved by the Trustees on 26 January 2026 P Lynas Trustèe
NAISCOIL NA SEOLTA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charlty information Naiscoil na Seolta is an unincorporated charity. 1.1 Basls of preparation The financial statements have been prepared in accordance with the 's governing document, the Charities Act (Northern Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP Accounting and Rèporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" The is a Public Benefit Entity as defined by FRS 102. The has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows. The financial statements are prepared in sterling, which is the functional currency of the . Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the Naiscoil has adequate resources to continue in operational existen for the foSeeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their Charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to spe¢ifi¢ Conditions by donors that the capital must be maintained by the . 1.4 Income Income is recognised when the Nalscoil is legally entitled to it after any performan conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are re¢ognised once the has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation. Legacies are reGognised on receipt or OtheISe if the has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
NAISCOIL NA SEOLTA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continued 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of e¢onomic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are rnade up of the total of dIrt costs and shared costs, including support costs involved in undertaking each activity. Direct ¢osts attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation Charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaimient losses. Depreciation is recognised $0 as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings Computers so0 straight line 500A straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the reviews the carrying amounts of its tangible assets to determine ether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnanclal instruments The has elected to apply the provisions of Section 11 'Basi¢ Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instnjments. Financial instruments are recognised in the 's balance sheet when the becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basi¢ financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets Classified as receivable within one year are not amortised.
NAISCOIL NA SEOLTA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities ¢lassified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are re¢ognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Nalscoil's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The ¢ost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the is demonstrably Committed to terminate the employment of an employee or to provide termination benefits. Critical accounting estimates and judgements In the application of the 's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both Current and future periods. Income from donations and legacie5 Unrestricted Restrlcted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Donations and gifts Grants 2,179 2,179 57.583 9,535 7.525 9,535 258,495 57,583 250,970 2,179 57,583 59,762 17,060 250.970 268,030
NAISCOIL NA SEOLTA NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities Charitable Charitable Expenditure Expenditure 2025 2024 Direct costs staff costs Depreciation and impairment Insurance Telephone Rent Training Unifomi 40,184 4,669 1,137 174 19,154 473 159 45,989 373 569 244 6,819 700 698 65,950 55,392 Share of support and governance costs (see note 5) Support Governance 5,207 4,627 4,718 1.200 75,784 61,310 Analysis by fund Unrestricted funds Restricted funds 14,503 61,281 6,291 55,019 75,784 61,310 Support costs allocated to activities 2025 2024 Bank Fees Heat & Light Purchases Maintenance Consultancy Governance costs 28 655 3,942 582 41 1,679 2,832 60 106 1,200 4,627 9,834 5,918 Analysed betW88n: Charitsble Expenditure 9,834 5,918
NAISCOIL NA SEOLTA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movement in funds 2025 2024 The net movement in funds is ststed after chargingl(crediting): Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets 1,440 4,669 373 Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the during the year. Employees The average monthly number of employees during the year was: 2025 Number 2024 Number Employees Employment costs 2025 2024 Wages and salaries 40,184 45,989 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows.. Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 10-
NAISCOIL NA SEOLTA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Tangible fixed assets Fixtures and fittings Computer5 Totsl Cost At 1 April 2024 Additions 746 8,593 3,372 4,118 8,593 At 31 March 2025 9,339 3,372 12,711 Depreciation and impairment At 1 April 2024 Depreciation charged in the year 373 4,669 3,372 3,745 4,669 At 31 March 2025 5,042 3,372 8,414 Carrying amount At 31 March 2025 4,297 4.297 At 31 March 2024 373 373 11 Debtors 2025 2024 Amounts falling due within one year: Other debtors 30,292 12 Creditors: amounts falling due within one year 2025 2024 Accruals and deferred income 5,016 5,299 11
NAISCOIL NA SEOLTA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 Aprll 2024 Incoming resources Resourc8s At 31 March expended 2025 American Ireland Fund Award forAII Grant Department ofTourism, Culture and the Gaeltacht Foras na Gaeilge Community Foundation Department of Foreign Affairs EB Northern Ireland Community Fund Nl Community Fund Ireland EA Pegs 17,288 6,085 17,288 4,141 {1,944) 140,416 24,680 14,981 {19,153} 121,263 24.680 14,981 28,686 9,097 (28,686) 9,097 16,000 16,391 8,302 16,000 16,391 19,800 (11,498) 235,841 57,583 (61,281) 232,143 Previous year: At 1 April 2023 Incoming resources Resources At 31 March expended 2024 American Ireland Fund Award forAII Grant Department of Tourism, Culture and the Gaeltacht Foras na Gaeilge Community Foundation Community Fund Nl Community Fund Ireland 18,993 10,000 <1,705) (3,915) 17,288 6,085 175,455 29,836 16,686 (35,039) (12,655) (1,705) 140,416 24.680 14.981 16,000 16,391 7,499 16.000 16,391 39.890 250,970 (55,019) 235,841 14 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Incoming resources Resources At 31 March expended 2025 General funds 46,830 2,179 (14,503) 34,506 12-
NAISCOIL NA SEOLTA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Unrestricted funds {Continued) Previous year: At 1 April 2023 Incoming resources Resources At 31 March expended 2024 General funds 36,061 17,060 (6,291) 46,830 15 Analysis of net assets b8tween funds Unrestrict8d funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current assetsl{liabilities) 4,297 30,209 4,297 262,352 232,143 34,506 232,143 266,649 Unr8Strict8d funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl(liabilities) 373 46,457 373 282,298 235,841 46,830 235.841 282,671 16 Related party transactions There is £29,284 due from Scoil Na Seolta {2024- none). 13-